Automotive Relay Market - Growth, Trends, and Forecast (2019 - 2024)
|発行||Mordor Intelligence LLP||商品コード||635751|
|出版日||ページ情報||英文 60 Pages
|世界の車載用リレー市場：成長、動向、予測 Automotive Relay Market - Growth, Trends, and Forecast (2019 - 2024)|
|出版日: 2019年06月01日||ページ情報: 英文 60 Pages||
The global automotive relay market is expected to register a CAGR of 5.21%, during the forecast period, 2019-2024.
Relay acts as a switch and used to switch connections between different circuits. Relays consist of an electromagnet, wherein the input current causes the coil to generate a magnetic field, which causes the contacts to meet, and thus, the circuit is established. If the input voltage is insufficient, then the contacts will not come together, due to the weak magnetic field. Among relay types, PCB relay and plug-in relay are two major types of automotive relays that have been considered in the scope of the market.
The automotive relay market has been segmented by type, by application type, and geography.
Currently, the demand for solid-state relays, especially solid-state plug-in relay, is growing, as they can handle high-rated currents (50A-80A) and operating voltages (less than 400V), similar to that of electromechanical type relays. Additionally, plug-in relay simple design structure and light-weight nature make them suitable as a close replacement of heavy electromechanical type relays.
A solid-state plug-in relay is deployed in various application fields of automobiles, such as electrically heated catalytic converters, motors and pumps, and body electronics, like door locks, seat controls, window lifters, etc.
Moreover, plug-in relays are also available in three major operating characteristics with the current carrying capacities of 30A, 40A, and 70A.
ABS Controls are one of the prominent areas of applications for plug-in relays in the automotive market.
The growing importance of electronics in the automotive value chain, rising demand for vehicle safety and comfort features, and the rapid acceleration in the deployment of electric vehicles, especially in major countries in China, India, Japan, etc., are the key trends driving the market studied in the Asia-Pacific.
Few factors like large presence of companies, engaging in partnership activities, spending more on R&D projects, offering products with the latest technology and maximum efficiency have been driving the market growth in the region.
The demand for the automotive relay in Asia-Pacific, over the forecast period, is projected to grow, as the auto manufacturers are incorporating more electronic features in vehicles, thus resulting in the growth in demand for the market studied in the region.
The market for the automotive relay is highly competitive, due to the presence of both international and local relay suppliers in the region. Among them, major players in the market are Robert Bosch GmbH, Denso Corporation, TE Connectivity Ltd, and Panasonic Corporation, etc.
To meet the consistently growing demand for plug-in relays in automobiles, automotive electronics companies are focusing on manufacturing high-power and reliable relays for automotive applications. For instance, in March 2018, Eberspacher Controls Landau GmbH & Co. KG introduced a new solid-state plug-in power mini relay (12 V / 100 A) for switching electric loads in passenger cars, commercial vehicles, off-road vehicles, and industrial applications.